Mike Krieger, an Instagram cofounder who previously was Anthropic’s Chief Product Officer and now leads the company’s “Labs” team, stepped down from Figma’s board of directors on Tuesday, according to a filing. The move came shortly after The Information broke the news that Anthropic is working ... Read more ›
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Snap said it was laying off about 16% of its workforce, or about 1,000 people, in an effort to reduce its cost base by $500 million and “establish a clearer path to net income profitability,” CEO Evan Spiegel said in a blog post. He added that advances in AI “enable our teams to reduce ... Read more ›
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ByteDance’s cloud computing unit has made the company’s Seedance 2.0 AI video generation model available globally to enterprise customers in more than 100 countries and regions around the world—but the U.S. is not among them. It is unclear whether the cloud unit, BytePlus, has any plans to offer ... Read more ›
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Salesforce has launched a tool that lets its customers connect other companies’ AI agents with their Salesforce data, an executive said on LinkedIn. The tool, known as a hosted Model Context Protocol server, shows how Salesforce is finding a way to generate revenue from customers using outside ... Read more ›
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Anthropic said Tuesday that the CEO of pharmaceutical company Vas Narasimhan is joining its board, highlighting Anthropic’s increased focus on healthcare and life sciences. The Claude chatbot maker acquired biotech startup Coefficient Bio for roughly $400 million earlier this month. It has also ... Read more ›
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Every now and then we get a reminder that big tech’s pockets are as deep as the Mariana Trench. Amazon’s purchase of satellite firm Globalstar offers one of those reminders. Despite spending $200 billion this year on capital expenditures for its AI expansion and committing $50 billion on an OpenAI investment, Amazon can still find a few loose coins in the couch to buy Globalstar. Amazon is paying about $4.6... Read more ›
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When Unilever last week announced its $1.2 billion acquisition of Grüns, a three-year-old brand of gummy vitamins, I had a flashback to a decade ago when Unilever bought Dollar Shave Club for almost the same price. That earlier deal marked the heyday of venture-backed consumer exits, which have been few and far between more recently. The Grüns sale is the latest sign that consumer investing is experiencing a revival. At... Read more ›
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Businesses whose employees are heavy users of Anthropic’s Claude products are likely to pay significantly more for them after the company changed its pricing model in recent weeks to charge business customers based on the amount of AI they use. The shift, which hasn’t previously been reported, is the latest indication of how Anthropic is managing the booming popularity of its coding and agent products, which increase the costs of... Read more ›
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Deutsche Börse, the Frankfurt Stock Exchange operator, said it has made a strategic investment of $200 million in Kraken, representing a 1.5% stake in the crypto exchange. The deal, made through acquiring existing shares, values Kraken at $13.3 billion. That’s lower than Kraken’s valuation of ... Read more ›
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A top Meta Platforms executive who oversaw the infrastructure behind its AI models is leaving the company. Aparna Ramani, Meta’s vice president of engineering for AI infrastructure, announced her departure Tuesday in an internal memo seen by The Information. She reported to Meta’s chief AI ... Read more ›
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General Catalyst appointed Palo Alto Networks CEO Nikesh Arora to its board, the investment firm’s CEO Hemant Taneja said Tuesday. Arora will serve as the firm’s first lead independent director, joining Taneja and General Catalyst chairman and managing director Kenneth Chenault on the board, the ... Read more ›
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Major crypto exchanges and custodians including Coinbase and Binance are racing to prepare for powerful AI models like Anthropic’s Mythos, which the AI firm says could be dangerously good at finding and exploiting software vulnerabilities. Coinbase, the biggest U.S. crypto exchange, has been in “close communication” with Anthropic about Mythos, “a highly restricted model not available to the public,” Coinbase Chief Security Officer Philip Martin said. “Mythos, and future models... Read more ›
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Anthropic is preparing its next flagship model, Claude Opus 4.7, along with a new AI-powered tool for designing websites and presentations, according to a person with knowledge of the products. Those new products could be released as soon as this week, the person said. Anthropic’s upcoming ... Read more ›
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Uber’s surging use of AI coding tools, particularly Anthropic’s Claude Code, has maxed out its full year AI budget just a few months into 2026, according to chief technology officer Praveen Neppalli Naga.“I'm back to the drawing board because the budget I thought I would need is blown away already,” Neppalli Naga said in an interview.Neppalli Naga’s comments highlight the challenges for companies trying to take advantage of new AI... Read more ›
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If you’re like me, you’ve been watching the explosion of data labeling and reinforcement learning environment startups with a mix of confusion and awe. These companies, which hire experts in fields like medicine, law and software engineering and build fake copies of apps like Salesforce and Excel to produce training data for AI models, are rapidly growing both in terms of revenue and valuations. But their moment in the sun... Read more ›
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Polymarket was already under pressure to curb insider trading when it launched a program late last year to support startups that sent trades to its prediction market. Those companies quickly began handing suspected insider trading accounts to their own customers, letting them copy those trades. Now Polymarket has launched an audit of those startups. Among them are Kreo, which promises to help users “find insiders before the rest,” and Polycool,... Read more ›
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Amazon will buy satellite firm Globalstar for about $11.5 billion and power satellite features on Apple iPhones, the company said Tuesday, in an effort to challenge SpaceX’s Starlink by adding a direct-to-cell service for its upcoming Leo satellite offering. Globalstar owns wireless spectrum and ... Read more ›
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The mysteries of SpaceX are no more. My colleague Cory Weinberg today wrote the second of two stories in four days that pulled back the curtain on the finances of Elon Musk’s space company, which is planning to go public in a couple of months. You don’t have to wait for the formal IPO filing to get the dirt on SpaceX.The bottom line is that SpaceX as a whole is... Read more ›
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A new set of numbers for Elon Musk’s SpaceX makes it clear that the success of its potential initial public offering will depend on investors embracing the growth of the company’s Starlink satellite internet business. The other two businesses inside SpaceX—rocket launches and AI—are burning cash and not generating the kind of growth that makes investors willing to pay the staggering valuation Musk is seeking, according to previously unreported financial... Read more ›
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Thinking Machines Lab has hired Rudolf Laine and Luke Drago, the co-founders Workshop Labs, a one-year-old startup that develops software for personalizing AI systems, and has bought the startup’s technology, according to a spokesperson for Thinking Machines. The price of the deal was not ... Read more ›
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20.04.2026 03:29
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